India's Tata Metaliks jumps as strong pig iron sales drive profit

Tata Metaliks

14/07/2021 06:16

** Shares of pig iron manufacturer  TMET.NS  rise as much as
8.1% to 1,299.55 rupees, highest since May 4
    ** TMET reported a June-quarter profit of 947.2 mln rupees
vs loss of 123.6 mln rupees yr ago  
    ** Stock marks sharpest intraday pct jump since mid-May
    ** Around 1.7 mln shares change hands by 0420 GMT vs 30-day
avg of 317,927 shares
    ** Stock up ~98% YTD up to last close, vs a ~63% rise in the
Nifty Metal index  .NIFTYMET 

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))